HUD Allocates $1 Billion for Community COVID-19 Relief Efforts
The Department of Housing and Urban Development has announced the allocation of a third wave in CARES Act coronavirus relief funding totaling $1 billion through the Community Development Block Grant (CDBG) program.
In a press release, HUD says that to date, it has provided more than $3 billion in CDBG funding nationwide to help communities acutely combat coronavirus and alleviate economic hardship.
The allocationformula uses variables focusing on public health needs, risk of transmission of coronavirus, rate of coronavirus cases, and economic disruption.
Grantees may select from more than 25 eligible CDBG activities to shape their local programs to meet their needs, including:
- A wide range of public services to prevent, prepare for, and respond to coronavirus, such as providing food and health services for low-income elderly persons and children;
- Small business assistance or emergency housing payments for entities and families impacted by economic and housing market disruptions; or
- Acquisition and rehabilitation of structures for health facilities, food banks, or public improvements needed to support community coronavirus response, preparation, or prevention. For example, grants may assist improvements to heating, ventilation, and air conditioning in a local grocery store to protect employees and shoppers, or alterations to neighborhood business district sidewalks and facades to enable curbside pick-up or social distancing.
Every state will receive a portion of these relief funds. A list of allocations can be found here.
For more information on HUD’s response to the novel coronavirus pandemic and the actions it has taken, please visit HUD.gov/coronavirus.
Latest from NAHBNow
Oct 03, 2025
NAHB Awards Deadline Extended to Oct. 20Interested applicants for NAHB’s prestigious award programs now have additional time to submit top projects and individuals for consideration. Don't miss your chance - apply by Monday, Oct. 20.
Oct 03, 2025
Fast Money, Fewer HeadachesEvery week lost to underwriting is a week you’re not building, selling, or scaling. Delays push projects out of prime seasons, tighten cash flow, and leave crews idle. And when banks already move at their own pace, builders who aren’t prepared can get stuck at the back of the line.
Latest Economic News
Oct 03, 2025
Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.
Oct 02, 2025
Square Foot Prices Moderate in 2024Median square foot prices for new single-family detached (SFD) homes started in 2024 grew modestly, according to NAHB’s analysis of the latest Survey of Construction (SOC) data. For custom, or contractor-built, homes, the median price was $166 per square foot of floor space, up slightly from $162 in 2023.
Oct 02, 2025
17% of NAHB Builders Built Age-Restricted Housing in 2024Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. However, this share has remained within a narrow band (15%-17%) since the question was added to the member census in 2009.